Dr Henry Cutler

Dr Henry Cutler

Centre Director

Dr Henry Cutler
Director of Centre

Contact Details
Phone: +612 9850 2998
Email: henry.cutler.mq.edu.au
Address: Suite 3, Level One
EMC2 Building, 3 Innovation Road,
Macquarie Park, NSW 2109

Areas of interest
Health economics
Quantitative Analysis
Health and aged care policy evaluation


Henry is the inaugural director of the Centre for the Health Economy at Macquarie University (MUCHE), currently leading a team of 12 health economics researchers.

Henry is an applied health economist with extensive skills in evaluating real world problems, having undertaken a consulting role to government and non-government organisations for 15 years.  His work uses a variety of quantitative techniques, including economic evaluation, data analytics, choice modelling, panel data econometrics, Markov modelling, decision tree analysis, geospatial mapping, and survey design and implementation.

Henry has led close to 80 health economics consultancy projects over the last decade,with funding associated with these projects totalling approximately $8.5 million.

He has also gained research experience across a broad health care base. This includes cancer, visual impairment, dementia, cardiovascular disease, diabetes, chronic kidney disease, road trauma, sleep disorders, mental health, hearing, pathology, pharmaceuticals, medical devices, aged care, integrated care, digital health and hospitals.

He has contributed significantly to media over the last five years, including Australian Financial Review, The Australian, ABC News, ABC Radio National, ABC’s Lateline, ABC’s The Business, BRW, In the Black, Medical Observer, Australian Doctor, Aged Care Insight, Australian Ageing Agenda, and Hospital and Ageing.

Prior to joining MUCHE, Henry led the health economics team at KPMG, and was head of the Sydney Health Economics and Social Policy team for Access Economics. He also worked as a senior economic consultant the Centre for International Economics for five years, and spent eight years in the debt, equity and derivative markets, both in Australia and the UK.

Publications and reports

  • Central Coast Local Health District – A process and economic evaluation of an outcomes based funding model for the delivery of integrated care (Current)
  • Commonwealth Bank of Australia and Macquarie University – Estimating the impact of greater competition for private patients in public hospitals (Current)
  • Black Dog Institute – An economic evaluation of LifeSpan, a suicide prevention program in NSW (Current)
  • Department of Health – Evaluator of Pharmaceutical Benefits Advisory Committee (PBAC) applications (Current)
  • Sydney Local Health District – An economic evaluation of Sound Scouts, a hearing test gamification for children entering primary school (2018)
  • NSW Treasury and NSW Ministry of Health – The use and usefulness of outcomes based funding models (2018)
  • Australian Self Medication Industry – Cost effectiveness of down scheduling triptans to over-the-counter medicine (2018)
  • Australian Self Medication Industry – Cost effectiveness of down scheduling oral contraception to over-the-counter medicine (2018)
  • Australian Self Medication Industry – An economic framework to inform the scheduling of medicines (2018)
  • Commonwealth Bank of Australia and Macquarie University – Assessing choice for public hospital patients (2017)
  • NSW Ministry of Health – Exploring options for purchasing Hospital in the Home (HITH) in NSW (2016)
  • Sydney Local Health District – Developing an economic evaluation methodology to assess robotically assisted surgery (2016)
  • Becton Dickinson – An overview of the residential aged care sector (2016)
  • Estia Health – The potential impact of housing price movements on residential care accommodation pricing (2016)
  • NSW Health – Cost effectiveness of a medically supervised injection centre (2015)
  • Australian Self Medication Industry – A footprint of the self medication sector (2015)
  • National Mental Health Commission (NMHC) – Paving the way for mental health. The economics of optimal pathways to care (2014)
  • National Mental Health Commission (NMHC) – An economic model of mental health care pathways (2014)
  • Safe Work Australia – Estimating impacts on business and government from harmonising workplace health and safety (WHS) legislation across multiple states and territories (2014)
  • NSW Health (Kids and Family) – Estimating the benefits and costs of providing in-home assistance to new mothers at risk through the Sustaining NSW Families (SNF) program (2014)
  • Melanoma Patients Australia (MPA) – Advanced melanoma. The real cost of Australia’s national cancer (2014)
  • Department of Social Services (DSS) – Providing transitional business advisory services to residential aged care providers to help navigate accommodation payment reforms (2014)
  • Australian Unity – A calculator to determine the optimum accommodation price and payment structure for people entering residential care (2014)
  • LASA NSW-ACT - Estimated impacts on residents and the federal government from new co-contribution to care means testing arrangements in aged care (2013)
  • Queensland Department of Health - Modelling the impact on government revenue from alternative eligibility and copayment options for publically funded oral health services in Queensland (2013)
  • Department of Health and Ageing (DoHA) – Developing a preferred funding model to reform the distribution of OATSIH primary health care grant funding (2013)
  • Anglican Retirement Villages (ARV) – Estimating appropriate rates of return for residential aged care and independent living (2013)
  • Illawarra Retirement Trust (IRT) –Economic evaluation of community housing for ageing carers and their care recipients (2013)
  • Australian Association of Pathology Practices (AAPP) – Analysis of Approved Collection Centre (ACC) deregulation and high rents on pathology providers (2013)
  • Aged Care Financing Authority (ACFA) – Report on the residential aged care sector. Current state and potential impacts from LLLB financial arrangements (2013)
  • Department of Family and Community Services (Women NSW) - Economic evaluation of potential domestic and family violence reforms (2013)
  • Aged Care Financing Authority (ACFA) – Scenario analysis of selected Living Longer Living Better aged care reform financial arrangements, and their potential impact on residential care providers (2013)
  • Australian Drug Foundation (ADF) – An economic evaluation of the Good Sports Program (2013)
  • Australian Wound Management Association (AWMA) – An economic evaluation of compression therapy for venus leg ulcers (2013)
  • Australian Association of Pathology Practices (AAPP) - Forecasting pathology outlays and developing alternative approaches to smoothing overruns (2013)
  • National Centre of Indigenous Excellence (NCIE) – Developing a social return on investment framework to evaluate services delivered by the NCIE (2013)
  • NSW Health and Human Services (NSW HSS) – Measuring productivity improvement from health roster process redesign and technology improvement (2012)
  • Latrobe Community Health Services – Economic evaluation of the Mobile Wound Care system (2012)
  • Australian Association of Pathology Practices (AAPP) - Analysis of alternative base year funding estimates to forecasted funding under the Pathology Funding Agreement (2012)
  • National Blood Authority (NBA) - Three alternative models to administer a risk equalization scheme for the NBA high cost patient pool (2012)
  • McGrath Foundation – A literature review of the cost effectiveness of breast care nurses in Australia (2012)
  • CareConnect – Potential economic benefits from tele-consultations in community care (2011)
  • Sydney South West Area Health Service (SSWAHS) – Reviewing a business case and cost benefit analysis for the Chris O’Brien Lifehouse Cancer Centre (2011)
  • NSW Health and Human Services (NSW HSS) – Developing a benefits measurement framework for health roster redesign (2011)
  • NSW Department of Education and Training – A cost benefit analysis of alternative heating options in NSW schools (2011)
  • nib Health Funds Ltd – Evaluating changes to macroeconomic indicators on the demand for private health insurance (2011)
  • Medibank Private – The potential economic benefits of telehealth in Australia (2011)
  • Amgen – Evaluating access to breast and prostate cancer treatment throughout Australia (2011)
  • Sleep Health Foundation – The economic cost of sleep disorders (2011)
  • Archer Capital – Estimating the impact of means testing the PHI rebate on the demand for health insurance and private hospital demand (2011)
  • ACAA and ACSA – The viability of residential aged care providers (2011)
  • HITH Foundation – The cost effectiveness of Hospital in the Home in NSW (2011)
  • Kidney Health Australia – Two of a KinD (Kidneys in Diabetes) (2011)
  • Sanofi Pasteur – A critical review of a meta-analysis on acellular vaccines for preventing whooping cough in children (2011)
  • Catholic Health Australia / Australian Private Hospitals Association – Developing alternative private hospital policies and evaluating their fiscal and health care impact (2011)
  • Janssen-Cilag – The economic cost of schizophrenic relapse and the potential to improve health outcomes and avoid costs using long-acting injections (2011)
  • Balnaves Foundation – Spinning out of control. The economic cost of road trauma in young people in NSW (2011)
  • Carers Australia – The economic value of informal care in 2010 (2010)
  • Keynote presentation for ARUP – The future demand for hospital care in NSW (2010)
  • National Alcohol Beverages Industry Council (NABIC) – A critical review of ‘The range and magnitude of alcohol’s harm to others’ (2010)
  • NSW Treasury – A critical review of the PwC need and supply model for disability care (2010)
  • NSW Treasury – Modelling the demand and supply of informal care in NSW (2010)
  • Medibank Private – Impact on government budgets from introducing a combined care product into the Australian disability care sector (2010)
  • Medibank Private – Meeting the needs for healthy ageing at home (2010)
  • Maurice Blackburn – Developing a framework to assess alternative options for a national disability insurance scheme (2010)
  • Macular Degeneration Foundation – Eyes on the future. A clear outlook on age-related macular degeneration (2010)
  • Alzheimer’s Australia – Caring Places: aged care places and planning for dementia beyond 2010 (2010)
  • nib Health Funds Limited - Modelling the financial and health care system impacts of a combined HSA and HDHP product in Australia (2010).
  • Boehringer Ingelheim - ‘Generation Risk’: Assessing the risk of a CVD event in Australia (2010).
  • AMD Alliance - The global economic cost of visual impairment (2010).
  • Baxter BioScience - The cost effectiveness of ADEPT in reducing post surgical adhesions in Australia (2010).
  • NSW Health - Dementia prevalence and incidence in NSW, by statistical local area (SLA) (2010).
  • The Australian Nursing Federation - Nurses in residential aged care (2009).
  • Alzheimer’s NSW - Further research into future dementia prevalence in NSW (2009).
  • Medibank Private, Australian Unity, BUPA Australia and Ramsay Health Care - Performance of public and private hospital systems in Australia (2009).
  • Alzheimer’s Australia - Keeping Dementia Front of Mind: Incidence and Prevalence (2009)
  • Abbott Australasia - Cost savings from a drug eluting stent (2009).
  • Eli Lilly - The economic costs of heart attack and chest pain (Acute Coronary Syndrome) (2009).
  • Royal National Institute of the Blind (UK) – The economic impact of partial sight and blindness in the UK adult population (2009).
  • Medical Technology Association of Australia - An improved HTA economic evaluation framework for Australia (2009).
  • Baxter Health - Australian market analyses of four Baxter products (2009).
  • Alzheimer’s Australia - Making choices Future dementia care: projections, problems and preferences (2009).
  • Amgen - The economic cost of bone metastases - scoping study (2009).
  • Ramsay Health Care - The public and private health care balance. Issues and future directions (2008).
  • Australian Healthcare and Hospitals Association (AHHA) - Financing Australia’s future health care system (2008).
  • iSelect - The impact of the changes to the income thresholds for the Medicare Levy Surcharge (2008).
  • nib Health Funds Limited - A new generation of private health insurance products (2008).
  • Australian Society for Medical Research - Exceptional Returns: The value of Investing in Heath R&D in Australia II (2008).
  • National Health and Medical Research Council - Returns to NHMRC funded R&D (2008).
  • Cancer Institute of NSW - The economic value of cancer R&D (2008).
  • Australian Diagnostic Imaging Association (ADIA) - Estimating the impact of a wage increase on the diagnostic imaging industry (2007).

Publications and working papers

  • Parkinson B, Gumbie M, Cutler H, Gauld N, Mumford V, Haywood P, 2018, Cost effectiveness of reclassifying triptans in Australia: application of an economic evaluation approach to regulatory decisions (forthcoming)
  • Parkinson B, Gumbie M, Cutler H, Gauld N 2018 Is Reclassification of the Oral Contraceptive Pill from Prescription to Pharmacist-Only Cost-Effective? (forthcoming)
  • Gu Y, Cutler H, Jones A, 2018, Will public hospital patients choose a better quality hospital given the choice? A discrete choice experiment (forthcoming)
  • Bilgrami A, Cutler H, Cheng Z, 2018, Effects of the Fairer Private Health Insurance Incentive reform on membership in Australia (forthcoming)
  • Gumbi M, Cutler H, 2018, Cost effectiveness of Sound Scouts: a hearing test game for children (forthcoming)
  • Bowman R, Cutler H, 2018, A systematic review of economic evaluations for cochlear implants (forthcoming)
  • Cheng Z, Nielsen I, Cutler H, 2018, Perceived Job Quality, Work-life Interference and Intention to Stay: Evidence from the Australian Aged Care Workforce. International Journal of Manpower. (forthcoming)
  • Gordois A, Cutler H, Pezzullo L, Gordon K, Cruess A, Winyard S, Hamilton W, Chua K, 2012, An estimation of the worldwide economic and health burden of visual impairment, Global Public Health, Vol 7, Issue 5, pp. 465-481

Funding and grants

Category 1

NHMRCCentre for Research Excellence in Digital HealthAI2,498,649   2017-21
NHMRCImproving mental health and social participation outcomes in older adults
with depression and anxiety
CIE  780,6522018-20
NHMRCTranlsating evidence-based psychological interventions for older adults
with depression and axiety into public and private mental setting using a
stepped care framework
Total  4,302,190 

Category 2/3

SourceResearch ProjectsAmountMaximum
Federal Government83,155,0361,443,000
State and territory governments131,649,626   423,631
For-profits organisations271,440,689  113,300
Not-for-profit organisations292,286,037  360,000

Invited and conference presentations


  • ‘Is reclassifying the oral contraceptive pill to over-the-counter cost-effective?’, University of York (UK) Seminar Series
  • ‘Is reclassifying the oral contraceptive pill to over-the-counter cost-effective?’, European Union Health Economics Association, Maastricht, The Netherlands
  • ‘Will public hospital patients choose a better quality hospital given the choice?’, MUCHE External Seminar Series


  • ‘The potential use of quality information when choosing between public hospitals for surgery. The impact of health literacy’, International Health Economics Association, Boston, USA
  • ‘Will public hospital patients choose a better quality hospital given the choice?’, International Health Economics Association, Boston, USA
  • ‘The use and usefulness of outcomes based funding models for hospitals’, Australian Health Economics Association annual conference, Sydney Australia
  • ‘Assessing choice for public hospital patients’, Melbourne Institute of Applied Economic and Social Research and the Productivity Commission, Melbourne, Australia
  • ‘Analysing data. Fast and slow’, Workshop on Revisiting Whitlam’s Vision for Health: Economists, Data and Efficiency, Canberra, Australia
  • ‘Will public hospital patients choose a better quality hospital given the choice?’ Informa National Conference on ‘Improving the patient experience’, Melbourne, Australia


  • ‘Nurse discretion and intention to stay in residential aged care’, Australian Health Economics Society annual conference, Fremantle, Australia
  • ‘The future of Australia’s aged care workforce’, Executive Seminar, Macquarie University, Sydney, Australia


  • ‘The value of health technology. An exploration’, MedTech Annual Conference, Sydney, Australia
  • ‘The economics of health technology. Some surgery required’, MedTech Annual Conference, Sydney, Australia
  • ‘Competition in health and human services’, Executive Symposium, Macquarie University, Sydney, Australia
  • ‘Choice not chance determines your destiny’, Academic 2 Business Symposium, Macquarie University, Sydney, Australia
  • ‘The potential impact of aged care reforms in Australia’, Health and Aged Care Panel Discussion, CPA Australia Annual Conference, Melbourne, Australia
  • ‘How do we evaluate systems in health care?’, 32nd Combined Health Science Conference (New Horizons), Sydney, Australia


  • ‘The future of day hospitals’, Australian Day Hospitals Association annual conference, Sydney, Australia
  • ‘The use of health economics in decision making’, The Statistical Society of Australia seminar series, Sydney, Australia
  • ‘The pathway to accommodation pricing’, Leading Age Services Australia (WA) annual conference, Fremantle, Australia
  • ‘The state of aged care in Australia’, Leading Age Services Australia inaugural policy forum, Melbourne, Australia
  • ‘The state of aged care in Australia’, Commonwealth Bank of Australia, Sydney, Australia
  • ‘The state of aged care in Australia’, Japara Limited annual conference, Torquay, Australia


  • ‘Observations and Insights: impact of the Living Longer Living Better Reforms on aged care providers’, National Aged Care Summit, Sydney, Australia


  • ‘The economics of diabetes and obesity’, Diabetes Australia annual conference, Sydney Australia
  • ‘Aged care reforms. Is your business ready to respond?’, Executive Workshop, KPMG, Melbourne, Australia
  • ‘Living Longer Living Better. The potential impact of aged care reforms on providers, Executive Seminar, KPMG, Sydney, Australia


  • ‘Productivity cost of diabetes in Australia, Diabetes Australia annual conference, Sydney Australia
  • ‘The viability of residential aged care providers’, Aged Care Association of Australia (ACAA) annual conference, Sydney, Australia
  • ‘Aged care reforms. Is your business ready to respond?’, Executive Workshop, KPMG, Brisbane, Australia


  • ‘The drivers of demand for hospital public private partnerships (PPPs)’, ARUP Policy Breakfast, Sydney, Australia


  • ‘The relative value of formal dementia care: two discrete choice experiments’, Australian Health Economics Society annual conference, Hobart, Australia


  • ‘Financing Australia’s future health care system’, Australian Health and Hospitals Association (AHHA) annual conference,Canberra, Australia
  • ‘The public / private healthcare balance. Issues and future directions, Ramsay Healthcare National Doctors Forum annual conference, Sydney Australia


Contributions that Henry has made to media via television and radio interviews, opinion pieces, and quotes in media articles are listed below.


  • ‘Why the $6 billion subsidy to the private health insurance industry isn't working’, ABC Radio National, 2018
  • ‘The big sell for government changes to private health insurance’, ABC Radio National, 2017
  • ‘Competition policy in healthcare’ The Business (ABC), 2016
  • ‘Screening kidney disease for people with diabetics’, ABC News, 2011
  • ‘The future of aged care’, ABC Radio National, 2011
  • ‘Aged care sector needs a complete rethink’, ABC Lateline Business, 2010

Opinion pieces

  • ‘The value of health information’, Sirius Magazine, 2016
  • ‘The real bellwether on reform success’, Australian Ageing Agenda, 2016
  • ‘Healthcare – competition may be the answer to spiraling costs’ Australian Financial Review, 2015
  • ‘The case for competition in Australian healthcare’, Business Spectator, 2015
  • ‘Seizing opportunity in a new word through sub-acute care’, Hospital and Ageing, 2014
  • ‘Budget 2012: Government tightening the belt in health’, Medical Observer, 2012
  • ‘Revenue and risk mitigation in aged care’, Aged Care Insight, 2012
  • ‘Preparing for periodic payments’, Australian Ageing Agenda, 2012
  • ‘Competition a fillip for aged care’ (with Dr Joanne Epp), Australian Financial Review, 2012
  • ‘Aged care funding gap may emerge’, Australian Financial Review 2012

References to research and quotes

  • ‘Health economists methodically dismantle government’s budget rhetoric’, Australian Doctor, 2018
  • ‘Poor diagnosis for budget’s health spending’, Australian Financial Review, 2018
  • ‘Reforms to pay off for consumer, not insurers’, Australian Financial Review, 2017
  • ‘Health cover reforms get mixed diagnosis’, Australian Financial Review, 2017
  • ‘Muted market response to private health insurance reforms’, Australian Financial Review 2017
  • ‘The Aussie technology detecting hearing loss in children’, HuffPost Australia, 2017
  • ‘Plan to better system helps quality – and equality’, Australian Financial Review, 2017
  • ‘Patients vote for choice’, Australian Financial Review, 2017
  • ‘Health profits for the picking’, The Australian, 2016
  • ‘Opportunity for Australia in China healthcare’, AAP Newswire, 2016
  • ‘Health kick from an ageing China’, Herald Sun, 2016
  • ‘Australia to play a key role in Chinese healthcare system: experts’, Xinhua News Agency, 2016
  • ‘Ageing is the next frontier’, In The Black, 2014
  • ‘Diabetes to cost money and lives: expert’, The Australian, 2012
  • ‘Rising rebates reined in’, Business Review Weekly, 2012
  • ‘Reforms fail to sustain residential care’, Aged Care Insight, 2012
  • ‘Foreign doctors suffer’, Business Review Weekly, 2012
  • ‘Cut and sun no holiday’, Business Review Weekly, 2012
  • ‘Close to the bone’, Business Review Weekly, 2012
  • ‘Health services need private sector partnerships’, Australian Financial Review, 2010


PhD Students

  • Anam Bilgrami ‘The economics of policy analysis in health care’ (current)
  • Kyu Park ‘Using big data techniques to assess the relationship between mental health and medication adherence and persistence’ (current)

Master of Research

  • Anam Bilgrami ‘The economics of policy analysis in health care’ (current)
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